PPG Industries, Inc.

PPGNYSEBasic Materials● Active

$113.35

$-0.45(-0.40%)

Market Cap$25.3B

P/E Ratio—

52W High$133.43

52W Low$93.39

Avg Volume2.1M

Open$113.17

Beta1.06

Free Cash Flow Financials Revenue

PPG Industries, Inc. (PPG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PPG · free cash flow · updated Jun 8, 2026

Core FCF metrics

PPG · FCF · TTM · margin & CAGR

Free cash flow was $1.16B for FY2025 (fiscal year ending 2025-12-31), up 66.4% year-over-year The FCF margin was 7.3%. Five-year CAGR stands at -8.6%.

FY2025 Free Cash Flow$1.16B▲ +66.4% YoY

Trailing 12M (TTM)$1.23Btrailing 4 quarters sum

FCF Margin7.3%$1.16B ÷ revenue

3-Year CAGR+34.6%FY2022 → FY2025

5-Year CAGR-8.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PPG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.94B(778M)$1.16B▲ +66.4%7.3%

FY2024$1.42B(721M)$699.0M▼ 63.1%4.4%

FY2023$2.41B(516M)$1.90B▲ +297.3%11.7%

FY2022$963.0M(486M)$477.0M▼ 59.9%3.0%

FY2021$1.56B(371M)$1.19B▼ 34.8%7.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PPG · P/FCF · FCF yield · FCF per share

PPG Industries, Inc. (PPG) trades at a FCF yield of 4.84% and a price-to-free-cash-flow ratio of 20.9x. FCF per share stands at $5.42, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.84%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.42

TTM FCF ÷ Shares Outstanding

Price / FCF

x20.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x25.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PPG · cash flow statement · operating / investing / financing

For FY2025, PPG Industries, Inc. generated $1.94B in operating cash flow and spent 778M in capital expenditures, yielding $1.16B in free cash flow.

Operating Activities

+$1.94B

Cash from core business operations

2025-12-31

Investing Activities

−$700.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$545.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.94B) − |CapEx| (778M) = FCF ($1.16B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

PPG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

PPG Industries, Inc.YOU

PPG

$1.16B+66.4%7.3%

13%

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

PPG Industries, Inc. (PPG) reported free cash flow of $1.16B for FY2025 (fiscal year ending 2025-12-31), up 66.4% year-over-year. The FCF margin was 7.3%.

Based on available data, PPG Industries, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.90B in FY2023. The 5-year CAGR stands at -8.6%.

PPG Industries, Inc.'s FCF yield is 4.84% and price-to-FCF ratio is 20.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PPG free cash flow · 8 questions

PPG Industries, Inc. free cash flow was $1.16B for FY2025, up 66.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.23B.

PPG free cash flowPPG FCFPPG FCF 2025PPG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · PPG Industries, Inc. · PPG Industries, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026